Denver Real Estate - The Monthly Breakdown

2019’s New Paint Color!

Paint Color of the Year

If you’ve worked with us on a home sale, we’ve probably asked you to paint. So, to usher in 2019, our new suggested paint color of choice is moving from our much loved Revere Pewter to…. Metropolitan AF-690. Works well with modern, traditional and transitional homes, this color photographs beautifully and will assuredly help your home sell fast!

Re-Casting your Loan

Recasting

Buying and Selling this year? Consider this….

We want to let you know about a terrific lending option that may be THE reason your move will make financial sense this year. It is called "recasting" and only select lenders will be able to able to provide this option. Let’s say you want to purchase a home, but want the money from your current homes sale to put towards your new loan. Making the time work between a purchase and a sale can be tricky, so this is where recasting comes in….

For example, you purchase your next home without selling your existing house. Then, a few weeks or months in, your old house sells and you have some substantial equity you’d like to put against your new mortgage. After making at least 2 mortgage payments and after 90 days have passed, exclusive large investors will allow the borrower to recast or re-amortize their payments based on their new post payment balance. By recasting, the borrower is able to lower their payments for the remaining term of the loan and transfer your equity from one house to the next.

The most common scenario wherein this option may be applicable is for buyers who sell their first residence only after purchasing their new home. In addition, it may also apply to physicians, attorneys , or other professionals who receive substantial bonuses on an annual basis and wish to pay down the principal balance on their loan. Let us know if you'd like to get more details.

Check out our new Look!

new year, new look

Check out Kentwood’s New Look with our Brand New For Sale Signs, Coming soon to your neighborhood~

Our Message about Water Waste

We hate it when we’re out showing homes and we see some individual or business watering in the middle of the summer heat. It’s just plain irresponsible, but yet most people don’t even realize they are doing it. Well, we’ve got a solution. Call Denver Water to report the misuse and they will politely follow up with the owner to help them adjust the times they water!